Stocks in news: Aurobindo Pharma, Titan, Crompton Greaves, Bank of India, Bharat Petroleum
Stocks to watch today on February 11: Aurobindo Pharma, Titan, Crompton Greaves, Bank of India, Bharat Petroleum among others are the top stocks to watch out for in Thursday s trading session
BusinessToday.In | February 11, 2021 | Updated 09:30 IST
Stocks to watch today: ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Ashapura Minechem, Atul Auto, Bajaj Hindusthan Sugar, Bayer Cropscience, Bosch are among the top companies that will be reporting their Q3 earnings
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Thursday s trading session based on latest developments. Investors are also awaiting Q3 earnings that are scheduled to be released today. Companies set to announce their earnings are ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Ashapura Minechem, Atul Auto, Bajaj Hindustan Sugar, Bayer Cropscience, Bosch.
CCI approves Bank of India s acquisition of 49% stake each in BOI AXA Investment Managers, BOI AXA Trustee Services
Prior to the transaction, Bank of India held 51 percent equity shares each in BAIM and BATS. The approval of the acquisition turns both the entities into wholly owned subsidiaries of the state-run lender. February 10, 2021 / 06:25 PM IST
The Competition Commission of India (CCI) on February 10 approved Bank of India s (BoI s) acquisition of 49 percent stake each in BOI AXA Investment Managers (BAIM) and BOI AXA Trustee Services (BATS).
Following the approval of this transaction, both BAIM and BATS have become wholly owned subsidiaries of
As long as Nifty shows similar consolidation for the next 1-2 sessions, the odds of sharp upside bounce can t be ruled out, Nagaraj Shetti of HDFC Securities feels.
Mowlem pension fund heals risk with buyout deal
Bloomberg
Mowlem (1993) Pension Scheme, Wolverhampton, England, agreed to a £150 million ($206 million) buyout with Legal & General Assurance Society.
The pension fund fell into the assessment period for the Pension Protection Fund, London, in 2018 following the insolvency of its sponsor, Sovereign Hospital Services. The firm was part of the Carillion Group.
The deal is a PPF-plus transaction, meaning the trustees have secured greater benefits than those that would have been provided by the PPF.
The plan has more than 360 deferred participants and 650 retirees. We are very pleased that we have been able to work so collaboratively with all parties involved in this transaction, said Chris Martin, executive chairman at Independent Trustee Services, the trustee for the pension fund, in a news release. The support and collaboration of the PPF was also a key part of the process.
By Susanna Rust2021-02-09T15:21:00+00:00
A pension scheme sponsored by a defunct employer that was part of the Carillion Group has agreed a £150m (€168m) “PPF+” buyout transaction with Legal & General, it was announced today.
The deal will enable the scheme to secure benefits that are greater than those which would have been provided by the Pension Protection Fund (PPF).
The Mowlem (1993) Pension Scheme entered the defined benefit lifeboat fund’s assessment in February 2018 following the liquidation of Sovereign Hospital Services Limited in connection with the insolvency of Carillion.
With the buyout deal it will now officially be able to exit the assessment without transferring to the PPF. The buyout secures the benefits of more than 360 deferred members and 650 retirees.